Roxas group eyes port projects

Roxas group eyes port projects By Elizabeth Sanchez-Lacson Philippine Daily Inquirer SUGAR MILLER AND REFINER CENTRAL Azucarera Don Pedro (CADP) Group Corp. is eyeing investments in port management and operation. CADP executive chair Pedro Roxas said the company’s newly registered firm, CADP Port Services Inc., has lodged a bid with government agency Philippine Ports Authority (PPA) to manage the Port of Nasugbu in Batangas province. “This is an opportunity that was open. We looked at it and we bid for it. It made sense to have some role in operating a logistics terminal that is relatively close to where we have our plant in Batangas,” Roxas said. CADP is the biggest raw sugar producer and the second biggest sugar refiner in the Philippines, taking up 19 percent and 20 percent of total production,... [read full story]                    

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